France's Orange moves closer to IPO of MidEast, Africa operations
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PARIS (Reuters) - France's biggest telecoms group Orange is bringing its operations in the Middle East and Africa into a single entity, paving the way for a potential listing of the operations that could raise cash to invest in overseas expansion.The Middle East and Africa, where Orange has a presence in 18 countries, is the company's fastest-growing market, generating annual sales of about 5 billion euros (4.30 billion pounds).The region makes a large chunk of its revenues from payment..